Tesla To $205? Here Are 10 Top Analyst Forecasts For Wednesday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several US-listed companies, impacting their stock prices. Notable changes include a downgrade for Deckers Outdoor Corporation (DECK) and a price target cut for Tesla, Inc. (TSLA). Conversely, Taiwan Semiconductor Manufacturing Company Limited (TSM) and FirstCash Holdings, Inc. (FCFS) saw their price targets raised. Other companies like Coinbase Global, Inc. (COIN), Owens & Minor, Inc. (OMI), Model N, Inc. (MODN), EQT Corporation (EQT), Lennox International Inc. (LII), and Silicon Motion Technology Corporation (SIMO) also experienced adjustments in their price targets and ratings.
April 10, 2024 | 12:35 pm
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NEGATIVE IMPACT
Deckers Outdoor Corporation's price target was cut from $983 to $864, and the stock was downgraded from Buy to Hold by Truist Securities.
The downgrade and price target cut by Truist Securities likely indicate concerns about Deckers Outdoor's future performance, potentially leading to a negative short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Tesla, Inc.'s price target was reduced from $225 to $205 by Piper Sandler, although the Overweight rating was maintained.
Despite the price target cut, the maintenance of an Overweight rating by Piper Sandler suggests a positive outlook on Tesla's fundamentals, which might balance the short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
FirstCash Holdings, Inc.'s price target was raised from $130 to $145 by TD Cowen, upgrading the stock from Hold to Buy.
The upgrade and price target increase by TD Cowen suggest a bullish outlook for FirstCash Holdings, likely resulting in a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Company Limited's price target was raised from $133 to $168 by Needham, with a maintained Buy rating.
The increase in price target and the maintained Buy rating by Needham indicate a strong positive outlook for TSM, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90